Related Words

Investment History: The history of a member firm that establishes certain norms in respect of its investment practice.

Normal Investment Practice: The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue.

Net Investment: Gross, or total, investment minus depreciation.

Mutually Exclusive Investment Decisions: Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects.

Municipal Investment Trust (MIT): A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free.

Moodys Investment Grade: A rating of one through four assigned by Moody's Investor Service to municipal short-term bonds.

Net Investment Income Per Share: Income received by an investment company from dividends and interest on investments less administrative expenses, divided by the number of outstanding shares.

Net Present Value Of Future Investments: The present value of the total sum of NPVs expected to result from all of the firm's future investments.

Program-Related Investment: Broad, functional definition: A method of providing support to an organization, consistent with program goals involving the potential return of capital within an established time frame. In t . . . View Full Definition

Passive Investment Management: Buying a well diversified portfolio to represent a broad-based market index without attempting to search out mispriced securities.